Dec 12, 2012 5:30pm PST
, and noe republican speaker of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us the next 48 hours are crucial. until republicans relent on raising income tax rates for households earning more than $250,000, the democrats will not discuss g.o.p. demand for cuts medicaitlement programs like te house and medicaid. this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth yesterday, and the president and r:had a pretty frank conversation about just how far apart we are. >> reporter: we asked white hinge spokesman jay carney today uhere things stood.
Dec 11, 2012 5:30pm PST
obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it mean to be recognized by the u.s.? "the u.s. administration has big influence globally" he told us.
Dec 5, 2012 5:30pm PST
bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans believe this can be done through tax loopholes not raising rates on the wealthiest american